Shiprocket Q2 FY27: PAT turns positive at ₹6 Mn, Revenue up 35% YoY to ₹6,736 Mn
Shiprocket reported Q2 FY27 consolidated results with PAT turning positive at ₹6 Mn, against a loss of ₹203 Mn a year ago. Revenue grew 35% YoY to ₹6,736 Mn, and Adjusted EBITDA reached ₹142 Mn. The company repaid all borrowings using IPO proceeds, becoming debt-free. Core Business transactions grew 37% YoY.
The achievement of PAT positive status, substantial revenue growth, debt repayment, and improved operational metrics are significant positive developments for the company, likely to be viewed favorably by investors.
The company has turned PAT positive, shown significant revenue growth, improved EBITDA, and repaid all its debt, indicating strong financial health and operational efficiency.
Shiprocket Limited announced its consolidated financial results for the quarter and half-year ended September 30, 2026 (Q2 FY27). The company achieved a Profit After Tax (PAT) positive of ₹6 Mn, a significant turnaround from a loss of ₹203 Mn in the previous year and ₹137 Mn in Q1 FY27. Revenue from operations surged by 35% year-on-year to ₹6,736 Mn. Adjusted EBITDA also saw a substantial increase, reaching ₹142 Mn.
The growth was driven by both Core and Emerging business segments. The Core Business reported an Adjusted EBITDA of ₹591 Mn, with a 29% increase on 25% revenue growth. Emerging Business revenue grew by 61%, with its Adjusted EBITDA margin improving from (31.5%) to (21.2%). Following the receipt of IPO proceeds, Shiprocket repaid all its borrowings, achieving a debt-free status with net cash from operating activities of ₹551 Mn in H1 FY27.
Key highlights for Q2 FY27 include a Trailing Twelve Month (TTM) GMV of ₹373,987 Mn across 233 Mn unique transactions, serving over 236,100 active merchants. Core Business transactions grew 37% YoY. Emerging Business revenue contributed 31% of the total revenue, up from 26% a year ago, with Martech and Omnichannel segments showing strong growth. Contribution margin increased by 43% YoY to ₹1,300 Mn. The company also focused on AI-native products and features across the merchant journey, including Aitlas for AI search and hyper-personalized retargeting journeys.
Saahil Goel, Managing Director and CEO, stated that Shiprocket is building infrastructure to remove friction for MSMEs, enabling them to sell, ship, and grow across multiple channels. Tanmay Kumar, CFO, highlighted that the PAT turned positive due to scale in Core business, strong performance of Emerging engines (Martech and Omnichannel), and a stronger balance sheet post-IPO proceeds repayment, leading to reduced finance costs and increased interest income.
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